FF Notice | Source released data 7 days earlier than scheduled; |
Source | |
Measures | Level of a diffusion index based on surveyed businesses, excluding the farming industry; |
Usual Effect | 'Actual' greater than 'Forecast' is good for currency; |
Frequency | Released quarterly, about 20 days after the quarter ends; |
Next Release | |
FF Notes | Above 0 indicates improving conditions, below indicates worsening conditions. There's a quarterly and monthly version of this survey - although the monthly survey is more timely and tends to have greater impact, the quarterly version has a larger sample size and additional questions regarding expectations; |
Why Traders Care | It's a leading indicator of economic health - businesses react quickly to market conditions, and changes in their sentiment can be an early signal of future economic activity such as spending, hiring, and investment; |
Derived Via | Survey of about 1,000 businesses which asks respondents to rate the relative level of current business conditions and expectations for the near and medium-term future; |
Acro Expand | National Australia Bank (NAB); |